| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| GBS BENEFITS INC3 Filed as: GBS BENEFITS LLC | 465 S 400 E SUITE 300 SALT LAKE CITY, UT 84111 | AETNA LIFE INSURANCE CO. | $28K | $9K | $37K | 0.72% |
| GBS BENEFITS INC3 Filed as: GBS BENEFITS | 465 S 400 E SUITE 300 SALT LAKE CITY, UT 84111 | SELECT BENEFITS GROUP INC., DBA DENTAL SELECT | $8K | $33K | $42K | 13.15% |
| GBS BENEFITS INC3 | 465 S 400 E STE 300 SALT LAKE CITY, UT 84111 | STANDARD INSURANCE COMPANY | $24K | — | $24K | 11.20% |
| GBS BENEFITS INS AGENCY3 Filed as: GBS BENEFITS INSURANCE AGENCY | 465 S 400 E STE 300 SALT LAKE CITY, UT 84111 | STANDARD INSURANCE COMPANY | $16K | — | $16K | 12.71% |
| GBS BENEFITS INC3 | 465 S 400 E STE 300 SALT LAKE CITY, UT 84111 | STANDARD INSURANCE COMPANY | $8K | — | $8K | 11.22% |
| GBS BENEFITS INC3 Filed as: GBS BENEFITS, INC | 465 SOUTH 400 EAST SUITE 300 SALT LAKE CITY, UT 84111 | OPTICARE OF UTAH | $5K | — | $5K | 10.00% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| GBS BENEFITS LLC CLAIMS PROCESSOR | Claims processing Service code 12 | 465 S 400 E SUITE 300 SALT LAKE CITY, UT 84111 | $121K |
Benefits declared on the Form 5500 main form (✓ = also has a Schedule A insurance contract; otherwise the benefit is funded out of plan assets or via a Schedule C TPA).
The plan reports several different headcounts depending on which form you read. Each one measures a different slice of the population.
| Active participants | 452 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 452 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | AETNA LIFE INSURANCE CO. | 1,060 | $5.2M |
| Dental | SELECT BENEFITS GROUP INC., DBA DENTAL SELECT | 467 | $317K |
| Vision | OPTICARE OF UTAH | 581 | $52K |
| Life insurance | STANDARD INSURANCE COMPANY | 903 | $124K |
| Short-term disability | STANDARD INSURANCE COMPANY | 268 | $71K |
| Long-term disability | STANDARD INSURANCE COMPANY | 631 | $218K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 1,060 | — |
Why the numbers differ. Form 5500 line 6 counts employees + retirees + beneficiaries; no dependents. Schedule A persons-covered counts everyone enrolled, including spouses and children, so it usually exceeds line 6 by 30-60% on a working-age workforce. The medical row is normally the broadest single line because it has the highest take-up; dental/vision/life often dip below it. Stop-loss / reinsurance contracts sometimes report the carrier's full underwriting pool rather than this filer's headcount; the row is shown for transparency but shouldn't be read as "people in this plan."
The primary carrier changed from prior filing. The plan is already willing to move; opportunity to re-pitch on the next cycle.
Top carrier holds >85% of premium. If that carrier hits a rate increase, the entire plan moves.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.